6a Resolution 79
RESOLUTION NO. 79 A RESOLUTION of the Industrial Development Corporation of the Port of Seattle authorizing the transfer of surplus funds in the sum of $10,000 from the Industrial Development Corporation to the Port of Seattle for the provision of training in public sector management skills necessary to implement the economic development programs of the Port. WHEREAS, the Port of Seattle (the "Port") has created a public corporation, the Industrial Development Corporation of the Port of Seattle (the "Development Corporation") pursuant to RCW 39.84, as amended (the "Act") and Resolution No. 2845 of the Port Commission for the purpose of issuing and selling nonrecourse revenue bonds in order to defray the cost of acquiring, constructing and installing industrial development facilities by private users ("users"); and WHEREAS, all costs and expenses of the Development Corporation are paid from fees collected from users; and WHEREAS, RCW 39.84.130 prohibits the commingling of funds of the Development Corporation with funds of the Port; and WHEREAS, RCW 39.84.130 further provides that those funds of the Development Corporation that are not otherwise encumbered for the payment of revenue bonds and are not reasonably anticipated by the Board of Directors of the Development Corporation to be necessary for administrative expenses of the Development Corporation (hereinafter referred to "transferable surplus funds") may be transferred to the Port and used for growth management, planning or other economic development purposes; and WHEREAS, such economic development purposes include the provision of training and education in the public sector management skills necessary to implement the economic development programs of the Port; and WHEREAS, the Port has created the Economic and Trade Fellowship (the "Fellowship") for the purpose of contribution to the Port's core mission of economic development by extending education opportunities to employees interested in economics and trade; and WHEREAS, the Port has created the Sponsoring Committee, to oversee the selection process, comprised of representatives from the Development Corporation, the Government Relations Department, the Finance and Budget Department, the Legal Department, and the Human Resources and Development Department; and WHEREAS, after the Port advertised the Fellowship to Port staff, the Sponsoring Committee reviewed the applications received and determined that the selected Fellows for the year 2011 and their program of study will contribute to the economic development purposes of the Port; and WHEREAS, this Board has determined that the balance on hand in the accounts of the Development Corporation is more than sufficient to meet the reasonably anticipated needs of the Development Corporation for the years 2011 and 2012; and WHEREAS, the Development Corporation has accumulated transferable surplus funds and the directors of the Development Corporation have agreed to a transfer of those funds in the amount of ten thousand dollars ($10,000) to the Port under RCW 39.84.130 to fund the Fellowships in furtherance of the Port's economic development purposes; NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Industrial Development Corporation of the Port of Seattle, as follows: -2- Section 1. The Development Co rporation is hereby authorized to transfer to the Port the sum of ten thousand dollars ($10,000) of transferable surplus funds for use by the Port to fund two Economic Trade and Development Fellowships in furtherance of the Port's economic development purposes. ADOPTED by the Board of Directors of the Industrial Development Corporation of the Port of Seattle this 23rd day of August, 2011. INDUSTRIAL DEVELOPMENT CORPORATION OF THE PORT OF SEATTLE President, Board of Directors ATTEST: Secretary, Board of Directors -3- CERTIFICATE I, the undersigned, Secretary of the Board of Directors (the "Board") of the Industrial Development Corporation of the Port of Seattle (the "Development Corporation"), DO HEREBY CERTIFY: 1. That the attached Resolution No. 79 (herein called the Resolution") is a true and correct copy of a resolution of the Development Corporation as adopted at a special meeting of the Board held on August 23, 2011. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a legal quorum was present throughout the meeting and a legally sufficient number of members of the Board voted in the proper manner for the adoption of the Resolution; that all other requirements and proceedings incident to the proper adoption of the Resolution have been duly fulfilled, carried out and otherwise observed, and that I am authorized to execute this certificate. IN WITNESS WHEREOF, I have hereunto set my hand this 23rd day of August 2011. Secretary, Board of Directors Industrial Development Corporation of the Port of Seattle -4-
Limitations of Translatable Documents
PDF files are created with text and images are placed at an exact position on a page of a fixed size.
Web pages are fluid in nature, and the exact positioning of PDF text creates presentation problems.
PDFs that are full page graphics, or scanned pages are generally unable to be made accessible, In these cases, viewing whatever plain text could be extracted is the only alternative.